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Heybonita Heybonita
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A year ago
Suppose a bakeshop with 5 employees can produce both pies and cakes. In one day, if all resources are devoted to baking pies, the shop can produce 125 pies; if all resources are devoted to baking cakes, the shop can produce 50. What is the shop's opportunity cost of producing any one pie?

▸ 0.4 cakes

▸ 0.4 pies

▸ 50 cakes

▸ 125 pies

▸ 2.5 pies
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
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satish1015satish1015
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A year ago
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Heybonita Author
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A year ago
Thanks for your help!!
annielin111
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Yesterday
this is exactly what I needed
acaruso
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2 hours ago
Helped a lot
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